heffield, Inc., sells drum sets. Chris Anderson, controller, is responsible for preparing the master budget. The sales manager has giver chris the following sales forecast for the coming months. April May June July Forecasted unit sales 16,000 19,000 14,000 15,000 heffield expects to have 8,000 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier fe 150 each and maintains 30% of the following month's projected sales in ending inventory. Prepare Sheffield's inventory purchases budget for the second quarter. April May June
heffield, Inc., sells drum sets. Chris Anderson, controller, is responsible for preparing the master budget. The sales manager has giver chris the following sales forecast for the coming months. April May June July Forecasted unit sales 16,000 19,000 14,000 15,000 heffield expects to have 8,000 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier fe 150 each and maintains 30% of the following month's projected sales in ending inventory. Prepare Sheffield's inventory purchases budget for the second quarter. April May June
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sheffield, Inc., sells drum sets. Chris Anderson, controller, is responsible for preparing the master budget. The sales manager has given
Chris the following sales forecast for the coming months.
April
May
June
July
Forecasted unit sales
16,000
19,000
14,000
15,000
en Shot 20...
Sheffield expects to have 8,000 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier for
$150 each and maintains 30% of the following month's projected sales in ending inventory.
t 20...
Prepare Sheffield's inventory purchases budget for the second quarter.
April
May
June
Quarter
Budgeted unit cost
Budgeted purchases, units
Budgeted purchases
Budgeted ending inventory
Total units required
Budgeted unit sales
Beginning inventory
$
$
$
$
$
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